OTR has entered into an agreement with Chevron Australia Downstream to acquire its 17 Puma branded service stations in the Northern Territory.
The strategic partnership, which will be complete by March 2023, will see the innovative OTR retail experience enter the Northern Territory market for the first time, complemented by Caltex branded fuels.
OTR is proudly Australian-owned and operated under parent company, Peregrine Corporation, which is South Australia’s largest private employer. It has been operational in Australia for more than 30 years and employs more than 6,500 staff across Australia.
The business is well known for its innovative and forward-thinking approach to retailing. In 2022, OTR announced it would begin accepting cryptocurrency as payment for everyday items, such as petrol, coffee and sandwiches across its sites.
More recently, OTR was granted permission by the South Australian Liquor Licensing Court to sell alcohol through its OTRApp. However, the business has stated that it has no immediate plans to begin selling alcohol, but it welcomes the decision made by the South Australian Liquor Licensing Court.
Currently, OTR has more than 180 stores across metropolitan and regional South Australia, metropolitan and regional Victoria, Tasmania, and Western Australia. This acquisition will mark the brand’s first entrance into the Northern Territorian market.
In addition to acquiring the Puma branded sites, Mogas Regional, which is owned and operated by Peregrine Corporation, has entered into an agreement to acquire Directhaul and its related commercial supply and haulage business assets.
As part of the agreement, Mogas Regional will own and manage Directhaul and work closely with Chevron Australia Downstream to distribute its products to customers in the Northern Territory.
C&I has reached out to OTR for more information about its entrance into the Northern Territory and will provide further information as it becomes available.